On the recordMay 15, 2018
Mr. President, the future for American workers is looking bright. A combination of tax reform, which we passed in December, plus other economy-boosting measures, such as lifting burdensome regulations, is starting to produce the kind of economy we need to give Americans access to a future of security and prosperity. Our goal with tax reform was pretty simple: Make life better for American workers. That involved a couple of things. For starters, it involved putting more money in Americans' pockets right away by cutting their taxes, and that is what we did. We cut tax rates across the board, nearly doubled the standard deduction, and doubled the child tax credit. Americans are already seeing this relief in their paychecks, but we knew that tax cuts, as helpful as they are, weren't enough. We needed to make sure that Americans had access to good jobs, good wages, and good opportunities--the kinds of jobs and opportunities that would set them up for security and prosperity for the long term. Since jobs and opportunities are created by businesses, that meant reforming our Tax Code to improve the playing field for businesses so they could improve the playing field for their workers, and that is what we did. I am pleased to report that it is already working.…
Source
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